In June 2013, currency held by individuals and businesses was $1,124 billion; traveler's checks were $4 billion; checkable deposits owned by individuals and businesses were $1,402 billion; savings deposits were $6,884 billion; time deposits were $583 billion; and money market funds and other deposits were $647 billion. Calculate M1 and M2 in June 2013.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In June 2013, currency held by individuals and businesses was $1,124 billion; traveler's checks were $4 billion; checkable deposits owned ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Company X developed a highly innovative product and began exporting it. Both domestic and international markets became aware of the product and its benefits. The product started selling in developing countries.
Answers (1)
Firm has three different investment options, each costing $10 million. option a will generate $12 million in revenue at the end of one year. option b will generate $15 million in revenue at the end of two years.
Answers (1)
Chana made a $75,000 interest-free loan to her son, Trey, who used the money to retire a mortgage on his personal residence. Trey's only source of income was salary of $50,000 and $940 interest income on a savings account.
Answers (1)
A project with an initial cost of $27,600 is expected to generate cash flows of $6,700,$8,800, $9,150, $8,050, and $7,500 over each of the next five years, respectively. What is the project's payback period
Answers (1)
The Work in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $6,048 debit balance after all posting is completed.
Answers (1)
New Questions in Business
What are two types of businesses that would probably use a sole proprietorship as a form of business ownership?
Answers (1)
Which financial problems might cause a person to be considered a bad risk for a loan to purchase a home? Check all that apply.
Answers (2)
Companies can adapt their catalog revenue model online by replacing or supplementing their print catalogs with information on their Web sites. True False
Answers (1)
The United Kingdom produces computers and sells them to Japan. At the same time Japan produces cars and sells them to the United Kingdom. Suppose there is an appreciation in the pound. This will cause: A.
Answers (1)
When obtaining a mortgage, in order to not be taken, paying a much higher rate than neccessary, which can easily cost well over 100,000 additional dollars over the life of the loan, the authors recommend getting a minimum of how many quotes?
Answers (1)